Key Terms

Question

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

Savings–investment spending identity

Budget surplus

Budget deficit

Budget balance

National savings

Loanable funds market

Crowding out

Fisher effect

Present value

Net present value

Wealth

Financial asset

Physical asset

Liability

Transaction costs

Financial risk

Diversification

Liquid

Illiquid

Default

Loan-backed securities

Financial intermediary

Mutual fund

Pension fund

Life insurance company

Bank deposit

Bank